FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) Sees Strong Trading Volume

FlexShares Ultra-Short Income Fund (NYSEARCA:RAVI) shares saw unusually-high trading volume on Friday . Approximately 43,029 shares were traded during mid-day trading, a decline of 24% from the previous session’s volume of 56,331 shares.The stock last traded at $75.22 and had previously closed at $75.18.

FlexShares Ultra-Short Income Fund Price Performance

The company has a 50 day moving average of $75.32 and a 200 day moving average of $75.26.

Hedge Funds Weigh In On FlexShares Ultra-Short Income Fund

Several institutional investors have recently added to or reduced their stakes in RAVI. Northern Trust Corp increased its stake in FlexShares Ultra-Short Income Fund by 5.9% in the fourth quarter. Northern Trust Corp now owns 12,290,920 shares of the company’s stock valued at $922,206,000 after purchasing an additional 682,850 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in FlexShares Ultra-Short Income Fund during the first quarter worth about $13,087,000. Cim LLC acquired a new stake in FlexShares Ultra-Short Income Fund during the fourth quarter worth about $4,755,000. Silver Oak Securities Incorporated increased its stake in FlexShares Ultra-Short Income Fund by 209.9% during the fourth quarter. Silver Oak Securities Incorporated now owns 23,866 shares of the company’s stock worth $1,791,000 after acquiring an additional 16,165 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in FlexShares Ultra-Short Income Fund during the first quarter worth about $1,000,000.

FlexShares Ultra-Short Income Fund Company Profile

The FlexShares Ready Access Variable Income Fund (RAVI) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively managed fund that invests in an ultra-short-term portfolio of investment grade public and private debt issued domestically and abroad.